- Lunnon Metals (LM8) progresses activities at its Kambalda nickel project in Western Australia
- The company has completed the diamond drilling of a hole at the Kenilworth target, which reached a higher depth than originally planned of 1521 metres
- While the hole did not intersect nickel, LM8 says it will conduct logging and sampling to determine the gold mineralisation potential
- Meanwhile, the company is finalising the Mineral Resource estimate for the Baker Shoot target, with the revised geological wireframe being used to plan follow-up drilling
- Shares are trading flat today at 93 cents each at 1:02 pm AEST
Lunnon Metals (LM8) has made progress on activities at its Kambalda nickel project in Western Australia.
The company recently completed a diamond drill hole at the Kenilworth target, which reached a higher depth than originally planned of 1521 metres.
While the hole did not intersect nickel, LM8 said it would now conduct logging and sampling to determine the gold mineralisation potential.
Managing Director Ed Ainscough said the hole had delivered unexpected outcomes.
“Although we didn’t get to see the nickel contact, drilling the first deep diamond hole in a brand new area has thrown up a number of surprises, with the orientation of the rock package and the extensive suite of Kapai Slate Formation units that may be the source of the magnetic anomaly,” he said.
“We will get the detailed logging and sampling done and wait to see if the gold assays have a surprise in store for us”.
Meanwhile, the company is finalising a mineral resource estimate for its Baker Shoot target, with the revised geological wireframe being used to plan follow-up drilling.
Lunnon is planning to complete a total of 8000 metres of reverse circulation drilling and 3000 metres of diamond drilling at Baker.
Drilling is currently underway, with assay results expected between June and August.
Shares in Lunnon Metals were trading flat today at 93 cents each at 1:02 pm AEST.